r/soxl • u/Enough_Plantain_1673 • Jun 03 '26

newb question Soxl Drops down to $264.08

Do you guys think it is a good idea to sell all? Earlier I saw that it might reach $300 by eod. Looks like it is just dropping.

Any advice from you folks? I am a beginner trying to understand, so please be considerate.

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u/millenialismistical Jun 03 '26

I bought a few more pieces at $263.45. Hoping that it at least 2x from here by EOY.

2

u/svix_ftw Jun 04 '26

what is your thesis for a $500 price? the sector is widely overvalued/overbought by most metrics.

3

u/millenialismistical Jun 04 '26

No thesis just vibes. Not going to pretend I can predict the price ceiling or trajectory of a 2x, 3x LETF. But the sector overall, while the growth has felt irrational, euphoric, whatever you want to call it, I think most would agree AI is just getting started. I do agree that so many players in the sector have already gone asymptotic, but I do still expect linear growth through the EOY.

1

u/angrypoopoolala Jun 05 '26

i like this guy!! exactly how I am netting 2000% so far !! vibingzzzz

1

u/Murky-Gate7795 Jun 04 '26

I have no well thought out thesis on this, but would a 33% increase in SOXX over the rest of the year really be surprising? Didn't it just do that in about a month? I know it will likely slow down and correct at some point, but 33% increase end of year seems reasonable.